California Court of Appeal

Where an "outside" or "independent" accountant prepares as well as audits a corporation's financial records it is liable for negligent misrepresentation to those third parties who reasonably and foreseeably relied on the financial records, the audit, or both.

Appellate Information

• Decided 10/23/2001
• Published 10/23/2001

Judges

• JOHNSON, J.

Court

• California Court of Appeal

Counsel

• For Appellant:
  
•  Wehner and Perlman, Rodney M. Perlman and Stephen T. Hodge, Los Angeles, for Plaintiff and Appellant.


• For Appellees:
  
• Keker & Van Nest, Christopher C. Kearney, Steven A. Hirsch, San Francisco, and Stacey L. Wexler, for Defendant and Respondent.